Two Harbors Investment Corp. announced the pricing of an underwritten public offering of $100 million aggregate principal amount of its 9.375% senior notes due 2030. The company also granted underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of the notes.
The offering is expected to close on May 13, 2025, subject to customary closing conditions. The company intends to use the net proceeds for general corporate purposes, including the refinancing or repayment of existing debt.
Specifically, the proceeds may be used to prefinance the company’s 6.25% senior notes maturing in 2026 and for MSR financing. This move aims to strengthen the company's capital structure and manage its debt obligations.
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